Fundamental analysis estimates various factors that influence the rates of currencies and other financial assets. In other words, this type of analysis studies politics and economy of the countries, which currencies were chosen as a trading instrument.
Traders closely follow effects of global financial events, assess economic and political news of different countries, and analyze statements of central banks’ heads and officials. All the data together may give a clue on how exchange rates will behave in future.
The key information to rely on is news about financial companies, banks, funds, and stocks, as well as monetary policies, various speculations, and forecasts. If traders see a connection between a currency rate and its country’s economy, they can forecast further movements of the currency.
*Country’s economy and currency exchange rate*
The more business opportunities a country has – profits from real estate, stock markets etc., the stronger the country’s economy is. If a country’s economy is considered to be the strongest, then domestic and external investors have a floor for investments in this country. Investments in the assets of a country are usually made in the local currency. Thus, the demand for the currency increases and its price also rises. Besides, there are economic indicators, thanks to which traders can evaluate strength of the country’s economy. Such indicators (reports) are released by governments or independent experts. The reports are revealed every week, month, quarter, or year.
*Financial markets and news*
After the release of economic data, various forecasts appear. If expectations are negative, traders sell the currency before the report release, making the exchange rate fall. In such a case, they say that the report was priced in, which means it was taken into account and therefore already influenced a price. If actual data corresponds to forecasts, it has almost no impact on a price.
To keep abreast of the latest news, traders can use an economic calendar, where the time and date

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Volume has stronger signals when the price is in an uptrend and is endorsing the upward move, so the volume is moving to the upside. On the other hand, if the trend is bearish and the volume is moving to the upside then is confirming the bearish trend.

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